Morocco’s central bank, Bank Al-Maghrib (BAM), announced today raising central bank interest rates by 0.50 points to 2%, in response to the lingering supply chain bottleneck and rampant inflation. Following …
BMCE Capital Investment, part of the BMCE Capital Group, on Tuesday announced the launch of its first venture capital dedicated to financing Moroccan startups. The new MAD 50 million ($4.5 …
Morocco’s Administration of Customs and Indirect Taxes (ADII) issued a statement on September 26, to define the new rules governing the procedure for advance clearance of goods Imported by sea and …
Morocco has purchased 150 military drones of the WanderB and ThunderB types, manufactured by Israel’s BlueBird Aero systems, a company specialized in designing and developing Tactical Unmanned Aerial Systems (UAS) …
OCP reported an “exceptional” increase in its income and turnover compared to last year, in its latest earnings report, detailing the phosphate giant’s performance until June 30, 2022. “OCP achieved …
Renault Group Maroc has renewed its partnership with SUEZ for the treatment and recovery of industrial waste from its plants in Tangier and Casablanca. Earlier this week, a statement from …
Morocco is currently home to Africa’s third-largest luxury market, with a total of $125 billion in private wealth, says a new report from the consulting firm Henley & Partners. In …
Morocco remains a major importer despite its significant potential in the agri-food sector, says a new analysis by a Moroccan think tank. In a publication last week, the Moroccan Institute of …
Morocco’s National Agency for Mines and Hydrocarbons (ONHYM), Nigeria’s National Petroleum Company Limited (NNPC), and the Economic Community of Western African States (ECOWAS) signed a Memorandum of Understanding (MoU) for …
Renault Tanger, a French car manufacturer, announced today plans to launch its first electric car manufacturing line in 2023. The company made the announcement on Tuesday during a ceremony celebrating …
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